A leading indicator of business cycles that have already happened

A “leading indicator” is supposed to forecast, or at least to help the person using it, to make a forecast. The Conference Board recently announced that it was changing its Leading Economic Indicator to address structural changes that have occurred in the US economy in the last few decades.  The new indicator was released on [...]

Hoaxing, forging, trimming, faking, cooking and falsifying measurements

There have been several recent high-profile cases of scientists hoaxing, forging, trimming, cooking or falsifying their data. These cases occurred in spite of the fact that scientific publications must be peer-reviewed before publication, and that scientific findings must be replicated before they are confirmed. Would the safeguards in place in most business catch similar acts? [...]